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WorksheetsMoney chapter 30 Quiz
Total questions: 15
Worksheet time: 9mins
What classic Christmas movie demonstrated what a bank run looks like?
Rudolph the Red Nose Reindeer
Miracle on 34th Street
It's A Wonderful Life
White Christmas
What is Money?
The green stuff that falls from the sky
An asset that can easily be used to purchase goods and service
Financial liability that the public uses
Power that you earn to take over the world
How many Districts are in the Federal Reserve System
7
9
12
15
Which District and City is Montana in?
12, Helena
9, Minneapolis
12, Minneapolis
10, Kansas City
What is a bank run?
Situation where bank's depositor's try to withdraw all funds due to fears of failure
Situation where bank depositor's try to add money to their account because they may lose it
It is where the bank moves locations so that the customers cannot find their deposits
It is a fundraising running event that is 4.5 miles long
What is Bank Reserves?
Money that the Depositor's put in there savings account
Money that congress uses as a stimulus payment to the American tax payer
Money that is held in Ft. Knox
Money that banks hold in their vaults plus their deposits at the Federal Reserve, so that they always can cover transactions
What are the three main features for Bank Regulation?
(a)
What does Fiat money mean?
having value because the government will back it up
having value because it is backed up by gold
having value to buy a Fiat car
It means that it does not have value
The 1907 money crisis was because. . .
Banks did not have money in their vaults
Trust companies did not keep money on reserve for there customers
Trust companies spent there money on buying the New York Knickerbockers
Trust company NY Knicks still can't find there trusts
The 1980's crisis with Saving and Loans caused a bank run . .
Again, the S&Ls companies didn't have enough in reserves, they had spent in on real estate investments
Again, the S&Ls took the money and spent it on buying the NY Knickerbockers from the Trust companies
S&Ls went to the NBA and they took there money from them and gave it to Lebron James
S&Ls tried to save the money but then they loaned it to the NBA
The financial crisis of 2008
was awesome
was fake news
was mainly caused by subprime lending and reselling mortgages that were at more risk then investors were led to believe.
was mainly caused by prime lending and bad investments in the trust slush funds.
There are how many roles of money?
1
2
3
4
Currency in circulation is . . .
coins held by collectors
cash held by the public
cash held by stock investors
checks that people cash online.
Private Banks and the _______ _______ determine the money supply.
(a)
You get this one for free
yes please
no thanks, I prefer to miss another one
